Anaplan Inc (NYSE:PLAN) Insider Sells $55,017.93 in Stock

Anaplan Inc (NYSE:PLAN) insider David Ying Xian Chung sold 957 shares of Anaplan stock in a transaction on Monday, July 15th. The stock was sold at an average price of $57.49, for a total transaction of $55,017.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

David Ying Xian Chung also recently made the following trade(s):

  • On Wednesday, July 3rd, David Ying Xian Chung sold 1,763 shares of Anaplan stock. The stock was sold at an average price of $52.41, for a total transaction of $92,398.83.
  • On Monday, June 10th, David Ying Xian Chung sold 444 shares of Anaplan stock. The stock was sold at an average price of $47.12, for a total transaction of $20,921.28.
  • On Wednesday, May 29th, David Ying Xian Chung sold 21,239 shares of Anaplan stock. The stock was sold at an average price of $41.71, for a total transaction of $885,878.69.

Shares of PLAN stock traded down $0.19 on Wednesday, hitting $56.99. 768,600 shares of the stock traded hands, compared to its average volume of 1,521,249. The company’s 50-day moving average price is $49.87. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $7.38 billion and a PE ratio of -33.13. Anaplan Inc has a twelve month low of $20.37 and a twelve month high of $58.46.

Anaplan (NYSE:PLAN) last announced its quarterly earnings results on Tuesday, May 28th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.18. The firm had revenue of $75.80 million for the quarter, compared to analyst estimates of $70.66 million. Anaplan’s revenue for the quarter was up 46.9% on a year-over-year basis. As a group, equities research analysts expect that Anaplan Inc will post -1.15 EPS for the current fiscal year.

Several equities research analysts have issued reports on PLAN shares. SunTrust Banks lifted their target price on shares of Anaplan to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. JMP Securities lifted their target price on shares of Anaplan from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Needham & Company LLC lifted their target price on shares of Cara Therapeutics from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. KeyCorp reaffirmed a “hold” rating on shares of Anaplan in a research note on Tuesday, May 28th. Finally, Goldman Sachs Group cut shares of Anaplan from a “buy” rating to a “neutral” rating and set a $53.20 price target on the stock. in a research report on Monday, July 1st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $45.40.

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of Anaplan during the 1st quarter valued at about $39,000. Neuburgh Advisers LLC purchased a new stake in Anaplan in the 4th quarter valued at about $27,000. Evolution Wealth Advisors LLC purchased a new stake in Anaplan in the 2nd quarter valued at about $64,000. Advisor Group Inc. purchased a new stake in Anaplan in the 4th quarter valued at about $41,000. Finally, Close Asset Management Ltd purchased a new stake in Anaplan in the 1st quarter valued at about $79,000. 35.05% of the stock is currently owned by hedge funds and other institutional investors.

Anaplan Company Profile

Anaplan, Inc engages in the provision of cloud-based connected planning platform that helps connect organizations and people to make better and faster decisions. It also offers professional services, including consulting, implementation, and training. The company was founded by Michael Gould, John David Guy Haddleton, and Sue Haddleton in 2006 and is headquartered in San Francisco, CA.

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Insider Buying and Selling by Quarter for Anaplan (NYSE:PLAN)

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